Real Estate: What Is Proptech?

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Proptech refers to any form of technology used to transform the real estate industry. It is an umbrella term that can also encompass fintech, contech and smart real estate, as well as technologies specifically designed to help property owners, developers, landlords and tenants to better manage their property-based assets.

Technology

Proptech?
RYAN MAHONEY
Real Estate: What Is

Real Estate
3
Ryan Mahoney
There are many proptech innovations flooding
the market at present, revolutionizing the way
we buy and sell property.
New Investment
Proptech has been around since the dot.
com boom of the nineties. However, the
real estate industry was slow on the
uptake in terms of digital transformation,
so it is only in recent years that investment
in proptech has begun to soar. Tens of
billions of dollars in venture capital funding
is now being channeled into proptech as
investors seek disruptive technologies
that can keep up with the changing face of
the real estate sector.
Disruptive
Innovations
There are many proptech innovations
flooding the market at present,
revolutionizing the way we buy and sell
property. These include online services
such as virtual home viewings, remote
access to loan signing opportunities, and
real-time alerts for new property listings.
Proptech can also include technologies
designed to make property management
easier and more efficient for landlords and
tenants.

You can learn about the difference between online tech-
nologies and traditional real estate agents by visiting
the blog of Ryan Mahoney of Dubai, UAE.

The term proptech – property technology – is an umbrella term referring to a range of technological tools for the real estate market. Many industries have continued to embrace the development of technology, and the real estate market is no exception; the use of property technology has increased in recent years, notably throughout the COVID-19 pandemic when the industry was forced to adapt to an unusual new set of circumstances.

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